New Mexico solar 101: must read before you buy solar panels
New Mexico State 34 solar panels available
- $0.62 / W Average gross price of a solar power system as of March 2026
- 2 years Average system payback period
- $38 428 Average savings from going solar in New Mexico
- 3 ¢ / kWh Levelized cost of solar energy
- 3.06 kW Recommended system size
Benefit from a PV system
in New Mexico
6.49 hours of peak sunlight
More than 290 clean days a year on average make New Mexico a perfect place to go solar
Subtract $6,000 from the installation cost
Save up to 10% of your system’s cost with New Mexico tax credit
2 years payback time
A solar power system in New Mexico pays for itself a couple of times during its lifespan
Save hundreds of dollars per year with Net metering program
Sell excess energy into the grid and gain credits
Freeze your property taxes
Solar panels don’t raise the taxes on your property, but increase its market value
New Mexico #2 in the US
Solar Ranking
- $38 428 Average savings from going solar in New Mexico
- 7 680 kWh/year Average electricity consumption of a NM household
- 9 303 kWh/year AC energy output of a 5 kW solar system installed in New Mexico
- 13 ¢ /kWh The cost of electricity today in New Mexico
- 26 ¢ /kWh The forecast average utility price over the next 25 years
- $0.62/WAverage gross price of a solar power system as of March 2026
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